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What Are Your Cash Management Options?

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You might hold cash—relatively liquid funds that are safe from the ups and downs of the market—to pay everyday expenses, to save toward a near-term goal, to provide a safety net, or even as part of your long-term investment strategy.

The infographic below lays out some cash management options, from checking accounts to money market funds, with details about how safe they are, typical fees and penalties, and recent average interest rates. A SunTrust financial advisor can help you find the right balance among interest rates, accessibility and fees, as you choose the right account or accounts for you.

 

Source: Informa Research Services; iMoneynet.com; Bankrate.com (Data as of 8/27/2013)

This content is general in nature and does not constitute legal, tax, accounting, financial or investment advice. You are encouraged to consult with competent legal, tax, accounting, financial or investment professionals based on your specific circumstances. We do not make any warranties as to accuracy or completeness of this information, do not endorse any third-party companies, products, or services described here, and take no liability for your use of this information.


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